Jeez, you go away for the day to warn North Carolinians about snake oil supply-side tax changes that will gut their revenues while shifting the tax burden onto lower-income households, and some candidate for governor proposes to do the same damn thing in your own state!
Attorney General Ken Cuccinelli II said Tuesday that if elected governor, he would cut business and individual income taxes by $1.4 billion a year and build on Gov. Robert F. McDonnell’s “Bob’s for jobs!” slogan.
“My name doesn’t rhyme with ‘jobs’ like his did, but the focus is the same,” said Cuccinelli, the Republican candidate in the race to succeed term-limited McDonnell (R).
He unveiled his plan at SweetFrog, a frozen-yogurt chain that started in Richmond in 2009 and has grown to more than 250 locations in 18 states and several countries. He noted that the company has had tremendous success even under Virginia’s current tax structure but that his proposal could make it easier for companies to expand.
So lemme get this straight…the “jobs” plan here is to cut business and individual tax rates, losing $1.4 billion in revenue a year. It was announced at a business that’s been extremely successful under the current tax regime, while recycling a campaign slogan based on a rhyme of a guy’s name that’s different from the candidate’s.
I’m going to sleep now. Unless I’m asleep already and this is a just a bad dream.